Senior Depository Bank Representative
Brown Brothers Harriman
Luxembourg
il y a 5j

Senior Depositary Bank Representative

As a Senior Depositary Bank Representative, you will be responsible for, amongst other things, verifying the output of independent oversight checks in relation to the calculation of the Net Asset Value (NAV), including cash flow monitoring in accordance with the Funds’ constitutional documentation, UCITS and AIFMD regulations respectively.

You will be largely responsible for validating the Depositaries workflow (first review process) under two primary functions, i.

e., to ensure independent validation checks are carried out to evidence the valuation of Fund assets (NAV) is being performed in all material respects.

Such tasks will include, but not limited to ensuring team compliance procedures and controls specific to shareholder dealing, security valuations, income and expenses, distributions, corporate actions, including performance fees are calculations.

Furthermore, you will oversee the activities performed by the team to independently monitor a Fund’s cash flow movements ensuring related activity is transacted in accordance with market practice and is duly reconciled at all times.

Tasks will include effective monitoring of significant and inconsistent transactions, shareholder dealing (subscriptions / redemptions) reconciliations, cash flows attributable to income, expenses, and distributions.

Free of payment cash transfers (margin payments) to third party entities.

Moreover, you will be responsible to oversee the minimum standards and practices of the Depositary oversight team are adhered and maters arising are escalated to your line supervisor in a timely and efficient manner.

1. Transaction Analysis

  • Quality control the depositary’s work flow process relative to cash flow monitoring oversight process and ownership verification documentation review
  • Ensure the team’s work flow is running smoothly and efficiently at all times.
  • Allocate the team’s work flow and actively resolve bottle necks as they arise.
  • Analyze manual / non-standard processes; implement solutions to automate the work flow where possible.
  • Formulate a risk sensitive approach to the depositary oversight service delivery.
  • Maintain daily work flow for assigned Funds
  • Escalate matters arising appropriately and in a timely manner
  • Manage the reporting / escalation of significant’ and inconsistent’ cash flow movements
  • Ensure the team reconciles cash flow reporting in line with the work flow / best practice
  • Evidence all cash accounts opened in the name of the AIF are made available to the Depositary
  • 2. Oversight duties

  • Quality control the depositary’s work flow process relative to the calculation of the net asset value demonstrating basic knowledge of accounting principles for standalone and consolidation processes
  • Review the valuation process for assigned Funds and assess whether the process has been correctly implemented by the management company
  • Review the risk management process for assigned Funds and assess whether the compliance monitoring has been correctly implemented by the management company
  • Review the income distribution process for assigned Funds and assess whether the process has been correctly implemented by the management company
  • Escalate any discrepancies identified between the policies of the management company and what is being observed through the reviews performed.
  • 3. Problem Resolution

  • Monitor and assist staff in terms of problem solving including the resolution / escalation of issues.
  • Follow up on open inquiries.
  • Interact with other BBH departments on resolution of issues.
  • Reconciliation break follow up and resolution
  • 4.Communications

  • Communicate professionally and constructively to effectively resolve issues in order to minimize risk and exposure.
  • Communicate with internal departments as necessary.
  • Contribute to Management Reporting (i.e. : Clarity, business plan, quarterly board reporting on a timely basis.)
  • 5. Process Improvement

  • Gain an understanding of the big picture of how specific function impacts the firm.
  • Contribute to Division / Firm process improvement activities.
  • Gain efficiencies to improve individual / team productivity initiatives
  • Manage multiple tasks and / or projects efficiently despite resource and time constraints.
  • Qualifications

    Education level and / or relevant experience(s)

  • BA / BS degree or equivalent work experience.
  • Knowledge and skills

  • Demonstrated Microsoft Office skills.
  • Ability to identify, escalate and resolve a problem.
  • Ability to communicate professionally through effective verbal and written skills.
  • Ability to manage time efficiently and effectively.
  • Organizational skills and detail-oriented.
  • Ability to work in a team environment.
  • Ability to meet deadlines and work under pressure.
  • What You Can Expect At BBH :

    If you join BBH you will find collaborative environment that enables you to step outside your role to add value wherever you can.

    You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, to take on new challenges, to maximize your potential and reinvent yourself without leaving the firm.

    We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program, which emphasizes good health, financial security, and peace of mind.

    Ultimately, we want to provide you with a position which, at the same time, is both rewarding and allows for a balanced professional and personal experience at every stage of your career.

    We, here at BBH, focuses on more than just the financial and business thrive. Through our BBH Cares program we offer volunteering opportunities giving you the opportunity to give back to your community and to help transform the lives of others.

    Full timeLuxembourg

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